Name of President or Managing Director for the region
NOAH M. STEINBERG
President or Managing Director for the region profile
Noah Steinberg manages WING's investment and development businesses covering all market segments - office, industrial and logistics, retail, hotel and residential - and its real estate services portfolio. He is a member of the supervisory board of Echo Investment, the largest Polish developer. He is also the chairman of RICS in Hungary.
In 2019 with acquiring the majority holding of Echo Investment, WING is now a group that is significant at the regional level.
Regions active in (in which countries the company operates)
HUNGARY
Portfolio of all properties currently held by your company
14 office buildings
2 industrial projects
2 shopping centers
4 residential projects
2 hotels
Office projects included in the portfolio
Magyar Telekom HQ; Liberty Office Building; Gizella LOFT; Szerémi Office Building; Infopark B,C,D,I buildings; Liget Center; Honvéd Center; Máriássy House; Terraliget; Siemens-evosoft HQ
The value of office properties held by investor (in EUR)
n.a.
Retail projects included in the portfolio
Agria Park; Eurocenter shopping center
The value of retail properties held by investor (in EUR)
n.a
Warehouse projects included in the portfolio
East Gate Business Park; Login Business Park
The value of warehouse properties held by investor (in EUR)
n.a.
The largest purchase transactions between October 2019 and September 2020 (subject of the transaction, its total take up area and value in EUR)
In December 2019, WING has acquired a 100% stake in Lisala, which in turn owns a 56 % stake in ECHO Investment, a company listed on the Warsaw Stock Exchange (WSE). In March 2020 WING acquired a further 10,04% shares of Echo. As a result, WING has increased its stake in Echo Investment to 66% from 55,96%. Further investment transactions: Strabag PFS acquisition- With acquiring an additional 51% stake WING has become the sole owner of the company. Acquisition of Infopark’s B,C,I office buildings
Future plans
In 2019 WING, celebrating its 20th anniversary this year, is Hungary’s leading property company. Building on its success in the Hungarian real estate market, it has identified international expansion as its next strategic goal. With acquiring the majority holding of Echo Investment the largest Polish real estate developer WING has taken a major step forward in this direction and it is now a group that is significant at the regional level.
Acquisition activity across the CEE real estate markets between October 2019 and September 2020
In December 2019, WING has acquired a 100% stake in Lisala, which in turn owns a 56 % stake in ECHO Investment, a company listed on the Warsaw Stock Exchange (WSE). In March 2020 WING acquired a further 10,04% shares of Echo. As a result, WING has increased its stake in Echo Investment to 66% from 55,96%. Further investment transactions: Strabag PFS acquisition- With acquiring an additional 51% stake WING has become the sole owner of the company. Acquisition of Infopark’s B,C,I office buildings.
Why the company deserves the award (in a paragraph you can describe the specific achievements of the company)
In Hungary WING is present in every sector: office, retail, industrial, hotel and residential. WING is a trustworthy developer whose buildings meet the highest international quality standards. The company has a strong balance sheet and a stable financial background as well as an extensive project pipeline. In recent years, WING has established a market leading position developing BTS (build-to-suit) high quality offices for leading companies. WING was also the first property company in Hungary to issue a corporate bond.
